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Additional Wuhan Coronavirus Cases Put S. Korea on Extreme Alert

Additional Wuhan Coronavirus Cases Put S. Korea on Extreme Alert

SEOUL, Jan. 27 (Korea Bizwire) — South Korea was on extreme alert on Monday as additional confirmed cases of the Wuhan coronavirus case were detected here amid mounting concerns the pneumonia-like illness may spread across the country despite stepped-up quarantine inspections. According to the Korea Centers for Disease Control and Prevention (KCDC), a 55-year-old South [...]

Private English Institutes Posing as Kindergartens May Face Penalties

Private English Institutes Posing as Kindergartens May Face Penalties

SEOUL, Jan. 26 (Korea Bizwire) — Private institutes offering English language courses for preschoolers using the description “English kindergarten” may face punishment from the authorities, the Ministry of Education said Sunday. Education Minister Yoo Eun-hae recently presided over the 16th meeting of the Education Trust Restoration Team to discuss punitive measures against private English language [...]

Paid Field Placement for University Students Enforced from Next Year

Paid Field Placement for University Students Enforced from Next Year

SEOUL, Jan. 23 (Korea Bizwire) — The government has decided to overhaul the on-the-job training system for college students, which has been under constant scrutiny as they often work without pay. The Ministry of Education has recently drawn up a “plan to improve the on-site practice system for university students” to collect opinions from universities [...]

Incheon Airport to Step Up Quarantine over Wuhan Virus During Lunar New Year Holiday

Incheon Airport to Step Up Quarantine over Wuhan Virus During Lunar New Year Holiday

SEOUL, Jan. 22 (Korea Bizwire) — The operator of Incheon airport, South Korea’s main gateway, said Wednesday it will take preventive measures against a new coronavirus from China as more than 1 million travelers are expected to use the airport during the Lunar New Year holiday starting this week. Incheon International Airport Corp. put the [...]

S. Korea Changes Subsidy Scheme for Eco-friendly Autos

S. Korea Changes Subsidy Scheme for Eco-friendly Autos

SEJONG, Jan. 20 (Korea Bizwire) — South Korea’s finance and environment ministries said Monday that they have changed a state subsidy scheme for eco-friendly vehicles to allow buyers of efficient cars to get larger subsidies from this year. Currently, the state subsidy is calculated on an electric car’s battery capability. Under the revised subsidy program, [...]

S. Korea Considering Imposing 20 pct Tax on Cryptocurrencies

S. Korea Considering Imposing 20 pct Tax on Cryptocurrencies

SEJONG, Jan. 20 (Korea Bizwire) — South Korea’s finance ministry has been considering imposing a 20 percent tax on income from cryptocurrency transactions, officials said Monday. The Ministry of Economy and Finance has recently ordered its office of income tax to review a taxation plan for cryptocurrencies, according to officials. Previously, the ministry’s office of [...]

S. Korea to Spend Big on Next-generation Chip Sector

S. Korea to Spend Big on Next-generation Chip Sector

SEOUL, Jan. 19 (Korea Bizwire) – South Korea said Sunday that it will invest 1 trillion won (US$863 million) in the next 10 years to nurture the next-generation semiconductor sector. According to the science ministry, cutting edge artificial intelligent (AI) and system-on-chip (SoC) technology, low energy consumption, high performance new devices and ultrafine fabrication processing [...]